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Peavy guarantee is $51.9 million

The Padres guaranteed ace Jake Peavy $51.9 million from 2010-12 in the three-year extension that soon will be announced, General Manager Kevin Towers said this evening from Nashville. The sum includes a $4 million buyout on an option for 2013. The average annual value of the guarantee -- $17.3 million -- is $1 million less than the guarantee the Cubs gave ace Carlos Zambrano in a five-year, $91.5-million extension issued last summer.Peavy, 26, is guaranteed $6.5 million next season and $11 million in 2009 as part of his previous contract.